4 days ago
Meenakshi Alternates Launches Realty Focused ₹700 crore AIF
Meenakshi Group, a Hyderabad-based Realty and Clean Energy Conglomerate has launched its new financial services arm 'Meenakshi Alternates (M-Alts)' and its debut fund, Meenakshi Real Assets
Fund
for investments in real estate across top-tier cities in India.
This SEBI-approved Category II AIF adopts a hybrid investment strategy by targeting a mix of debt and
equity
investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). Meenakshi Group has committed up to 20% of the fund size as sponsor
capital
.
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by Taboola
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The Meenakshi Real Assets fund, through a six-year horizon, targets 6 to 8 high-conviction deals, with a focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside.
The fund aims to allocate capital to Tier I developers, market leaders, and key players in high-potential micro-markets within real estate
asset
classes, with individual investments of up to ₹70 crore per transaction.
" Securing the AIF license marks a significant milestone for us," said Mahesh Katragadda, CEO of Meenakshi Alternates. "We are seeing strong early interest, and our team is evaluating prospective opportunities. Currently, we have three potential deals under
due diligence
, and we have secured soft commitments from the Meenakshi Group, its network, and early investors."
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"We are leveraging our established track record in real estate to offer institutional-grade, well-structured financial products. Building long-term trust, delivering consistent returns, and optimizing how capital is deployed to drive high-quality investment opportunities is our goal," Mahesh added .
Meenakshi Group has 13 million sq. ft. delivered, 9.5 million sq. ft. in the pipeline, 371 MW of power projects, and over 650 lane kilometers of highways.
